In October, Wipro has announced the issue of bonus shares to eligible shareholders in a 1:1 ratio, alongside its second-quarter results for the period ending September 2024.
Initially, the company did not disclose the record date but has now confirmed it. The bonus issue will grant one bonus equity share of ₹2 each for every fully paid-up share held, and one ADS for every ADS held, based on the record date.
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As per the company's filing on the exchange, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Clause 204.21 of NYSE Listed Company Manual, the Board of Directors has fixed Tuesday, December 3, 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares (including Stock Dividend on ADS) of the Company"
On Thursday, the shares of Wipro closed at Rs 557.20. The 52 week high and low of the share is Rs 583 and Rs 393.20 respectively. According to the BSE analytics, the shares have given returns of 39.14 per cent in the last 1 year.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)